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ICBSD Blog
Our blog features the latest news, updates, and insights from the community banking industry.
What would happen if you or your business went one day without cybersecurity? The headlines in the news tell us that cybersecurity is a huge problem in the world, but are we really in as bad a shape as they say? This session will discuss the current status of cybersecurity, emerging technologies that will challenge […]
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The social media world has exploded in the last 5 years with networks like Facebook, YouTube, Instagram, Twitter, LinkedIn and the list goes on. Is your bank getting in on the action? In this presentation, you will learn why it is important for your bank to get involved, where you should be represented and the […]
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Jaime Taets of Keystone Group International will be presenting \”The New Age of Strategic Planning\” at the Annual Retreat on Friday, July 26th at Sylvan Lake Lodge. Jaime Taets spent 13 years in a large corporate environment in a variety of leadership roles before leaving to start her own business. She is currently the CEO […]
Read MoreThe ICBSD/ICBND Cooperative Liquidity Program (“Liquidity Program”) is a cooperative bank-to-bank network established to provide an additional funds management tool for ICBSD/ICBND member banks. ICBSD and ICBND provide a communication link between Liquidity Program members who have available liquidity with those members who have short-term funding needs. ICBSD/ICBND is responsible for maintaining and communicating the […]
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Todd Holzwarth has been hired as SVP/correspondent banking business development officer at Bell Bank. In his new position, Holzwarth will source loan participation and bank stock loans in North Dakota and South Dakota. Originally from Freeman, S.D., Holzwarth earned a master\’s degree from the University of South Dakota and has been in the banking/finance field for 23 years. Holzwarth spent […]
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Sioux Falls, SD, May 28, 2019 – CorTrust Bank, N.A. plans to continue growth in Minnesota through the acquisition of First Minnesota Bank, pending regulatory approval and other closing requirements. Oak Ridge Financial acted as the exclusive financial advisor to First Minnesota Bank for the acquisition, which will grow the CorTrust Bank footprint in the […]
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One increasing claim trend we’ve seen at Travelers among financial institutions is a form of social engineering referred to as fraudulent instructions. In a bank’s case, fraudulent instruction occurs when an employee is tricked into transferring money from a customer’s account to somewhere else because a fraudster steals the customer’s identity and convinces the bank […]
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April is Community Banking Month and we\’re always excited to focus on spreading the message of banking local, and banking where it feels good. Our mission at ICBSD is to ensure independent community banking remains great! Members of our organization have a strong and passionate voice in the state and federal legislative processes. We are […]
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Yesterday Governor Noem signed into law HB 1050 which I sponsored at the request of the Independent Community Bankers of South Dakota. This bill updated our laws on illegally capturing credit card and debit card numbers. The bill deleted the need to prove intent to defraud and made it a crime to skim or capture […]
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Championed by Representative Bartels, House Bill 1050 passed unanimously and was “unofficially” signed into law on March 7, 2019. This bill makes it a felony to possess skimming and re-encoding devices in the state of South Dakota. It was made official on Tuesday, March 19, 2019. House Bill 1050 revised the law in two […]
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